Hillsdale Investment Management Inc. Purchases 41,500 Shares of EverQuote, Inc. (NASDAQ:EVER)

Hillsdale Investment Management Inc. increased its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 24.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,700 shares of the company's stock after purchasing an additional 41,500 shares during the quarter. Hillsdale Investment Management Inc. owned 0.60% of EverQuote worth $4,212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after purchasing an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company's stock valued at $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Geode Capital Management LLC grew its position in EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock worth $12,554,000 after buying an additional 56,114 shares during the period. Counterpoint Mutual Funds LLC raised its stake in shares of EverQuote by 74.3% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock worth $761,000 after buying an additional 16,217 shares during the last quarter. Finally, Barclays PLC lifted its position in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company's stock worth $1,076,000 after buying an additional 39,160 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms have recently issued reports on EVER. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Canaccord Genuity Group reduced their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $32.33.

EverQuote Stock Performance

Shares of NASDAQ EVER traded up $0.13 during midday trading on Thursday, reaching $28.09. 696,307 shares of the company traded hands, compared to its average volume of 519,770. The firm has a market cap of $1.00 billion, a PE ratio of 82.62 and a beta of 1.01. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The stock's 50-day simple moving average is $23.24 and its 200-day simple moving average is $20.73.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. On average, equities research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Buying and Selling

In other news, Director David B. Blundin sold 8,746 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $251,447.50. Following the completion of the sale, the director now directly owns 89,174 shares in the company, valued at approximately $2,563,752.50. This represents a 8.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This trade represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,548 shares of company stock valued at $4,967,872 over the last three months. Company insiders own 29.79% of the company's stock.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.